Best way to sell 25th Anniversary Sets?

Discussion in 'Coin Chat' started by jwsmothe, Apr 24, 2012.

  1. jwsmothe

    jwsmothe Junior Member

    Looking for some advice. I purchased 5 of the 25th Anniversary Silver Proof Sets intending to keep at least two sets for my collection, but unfortunately, I now need the money and have to sell them all. However, I'm pretty nervous about shipping them and buy a lot on eBay, but have never sold anything primarily because of all the horror stories I've read. Anything besides Craiglist that anyone would recommend to try and unload them? edited
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  3. jhinton

    jhinton Active Member

    Post them in the for sale section of Coin Talk!
  4. Shop them around at a few local coin shows. The prices have been coming down lately so you may want to act sooner than later especially if you need the cash. Good luck! TC
  5. PittsburghMom

    PittsburghMom Member

    I've been thinking about doing the same although I'll probably keep 1 set w/my best coins just for fun.. Ebay fees seem a bit high at 9 - 10%, but Craigslist is practically dead in our city. I keep hoping a different alternative will eventually pop up.

    Are your sets all 68's & 69's or are there some 70's in there on the rarer coins?
  6. Blaubart

    Blaubart Melt Value = 4.50

    I snoozed on these. Not that it matters now, but what was the retail price from the Mint? Compared to what they're selling for on FeeBay, I think $660 each is a fair price. Put them in the For Sale section here.
  7. jwsmothe

    jwsmothe Junior Member

    Thanks everyone for the responses. I may post them here on CoinTalk, the only thing as I said is its a lot of $$$ to put in the mail and hope things work out, are there any buyer/seller protection mechanisms here on CT? Maybe my trust-o-meter is jaded.

    As for the sets, I haven't actually opened them from the original box that arrived from the mint yet, so as for grades... couldn't tell you, sorry!
  8. Blaubart

    Blaubart Melt Value = 4.50

    PayPal does offer some protection for items sold oustide of FeeBay, but there's fees associated with PayPal too. If a active/reputable member (1,000+ posts and member for more than a year or two) offers to pay by personal check, that's probably the best case scenario for you as far as no fees and no scams.
  9. PittsburghMom

    PittsburghMom Member

    You may also be able to sell them directly to various websites. Have you checked APMEX?
  10. Silver soul

    Silver soul Member

    I got 5 sets in box but opened box because of first strike etc. grading hassle. I have taken one set each to 2 coin shows and sold for $700 each. But if in a hurry, that is probably not an option.
  11. GDJMSP

    GDJMSP Numismatist Moderator

    Using the mail, USPS, is the least of your worries. In fact it's not even a worry. All you need to do is send your package Registered Mail and insure it for the amount you need to cover.

    No there are not. Buyer and sellers are 100% on their own if they choose to buy or sell via Coin Talk. Coin Talk will NOT get involved, in any way, in any disputes between buyers and sellers.
  12. jwsmothe

    jwsmothe Junior Member

    All,

    Thanks very much for the responses and information, exactly what I was hoping for. I do have a little bit of time to sell them, but not much. I have identified a couple local shows coming up, and if that doesn't work, I'll probably end up posting them here and go the mail route. Thanks again!
  13. Atarian

    Atarian Active Member

    As one of the people who got shut out of buying even a single set because of (a) the mint's antiquated ordering system and (b) speculators buying the maximum amount in the hope of turning a profit, you could sell them for what you paid, plus shipping of course. Just a thought.
  14. green18

    green18 Sweet on Commemorative Coins Supporter

    Shop 'em at a local coin show. It's what i did. Didn't make 'millions' but i was quite pleased with my return.....

    No fee's from the e-bay or pay-pal either.
  15. TheCoinGeezer

    TheCoinGeezer Senex Bombulum

    I was one of the lucky ones who got on to the Mint site and ordered 5 sets.
    Upon receipt I immediately sent them off to NGC for grading.
    After keeping one MS/PF70 set for myself, I sold the other four sets on eBay and had no problems unloading them.
    It worked out that I got a free MS70 set and some money to boot, even after paying NGC, eBay, PayPal and postage fees.
    If I had it to do all over again, I would have just sold the sealed box and probably would have made more money. Live & learn, I suppose.
    The price of these sets seem to be in a decline after the initial feeding frenzy, so I'm glad I sold when I did.
    I theorize that in a few years, the price of these sets will begin to rise again, particularly MS/PF70 sets but right now it appears to be a buyer's market.
  16. rickmp

    rickmp USDA PRIME

    I sold a set here on CT. The sale went off without a hitch. You have to be paid with USPS money order or Certified Check (still not a guarantee, but much safer than personal check), give it plenty of time to clear, then ship via USPS Registered Mail. Buyers here will understand the wait time involved in check clearance. Good luck.
  17. kruptimes

    kruptimes Member

    I believe having a sealed unopened box with 5 virgin sets would be a breeze to sell at any local coin shop. Just hit the phone and call as many within a driving distance you are willing to drive. Be sure to print out your order from the mint, that along with the order # on the box will correspond, confirming the content of the sealed box and you as the true owner. LCSs and pawn shops cannot accept hot items. I would tell the LCS you want the average selling price on ebay minus all the fees. This price should be fair to both of you.
  18. Atarian

    Atarian Active Member

    So I hear great stories of people making bank on these sets by buying the maximum amount allowed and selling the rest. I've seen "unloading" several times. You don't "unload" these like a used Geo. These were supposed to be/are collector coins, not bullion. Am I the only one here who gets the idea that a lot of people that bought the maximum amount were just in it for profit? Is that what we are reducing this hobby to? I got mine - screw the next guy?

    Kinda reminds me of all the edited ~language who bought multiple properties during the housing boom only to see them tank (haha - losers), which resulted in higher prices for everyone just trying to buy a house to live in.

    I don't think these will ever go below what they were initally sold for, but who knows. Kinda hope they do so you have to "unload" them sooner.

    Fire suit on - commence flaming.
  19. TheCoinGeezer

    TheCoinGeezer Senex Bombulum

    Welcome to the real world. What's wrong with making a profit?
  20. green18

    green18 Sweet on Commemorative Coins Supporter

    I bought the max (5) because I knew this set would be a winner in the aftermarket. I wish that I could have held on to all of them (I could have) but I saw a way to maximize my collecting endeavor without incurring a major outlay in the end. In short, I sold the sets to finance my passion for classic commems. There was no profit taking involved. I plowed the proceeds right back into the collection. I'm sure that there were many collectors like me who did the same thing for the same reason. I assure you, my friend, that the sets were not just meaninglessly 'dumped' and that the sets sold were handled and treated with reverence and respect.

    It wasn't the so called Jerks ( edited for clarity) who brought that 'boom' down but rather the greedy bankers lending money to unqualified buyers.

    Sounds like some sour grapes from someone who'd rather pound salt than admit that they missed out on an opportunity. It's happened to me and I've felt the same as you......just a little more toned down in my expression. :)

    Nah......just a Boston Cream to the face........:) But ya know what? It tastes a heck o' a lot better than shaving cream.
  21. Atarian

    Atarian Active Member

    Well that was certainly one factor, but one of many. In most cases if the person qualified for the loan, Freddie/Fannie/whoever gave it to them. The government set the standards.

    Anyway, there's certainly nothing wrong with making a profit. Just look at Enron, WorldCom, etc. ;-)

    My main beef is with the Mint for this fiasco. SAE - best selling coin series ever. This was supposed to be a collectors set. They knew their ordering system was below standard. Why not make more available, or limit quantity to one set in the first week or two of sales to give everyone a chance. I see quite a few LARGE coin outfits with LOTS of these sets - I find it hard to believe they didn't have employees calling that day to order their five sets.

    BTW I ordered my 2012 proof ASE less than 10 minutes after it went on sale, yet it still has not arrived. How can I already see PCGS and NGC ones for sale? Irritating.

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